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Revenue (Tables)
3 Months Ended
Aug. 31, 2021
Revenue From Contract With Customer [Abstract]  
Trade Accounts Receivable Net of Allowances and Net Contract Assets

Trade accounts receivable, net of allowances, and net contract assets consisted of the following:

 

(In thousands, except percentages)

 

August 31, 2021

 

 

May 31, 2021

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

1,171,914

 

 

$

1,280,806

 

 

$

(108,892

)

 

 

-8.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

45,310

 

 

$

33,217

 

 

$

12,093

 

 

 

36.4

%

Contract liabilities - short-term

 

 

(35,155

)

 

 

(33,112

)

 

 

(2,043

)

 

 

6.2

%

Net Contract Assets

 

$

10,155

 

 

$

105

 

 

$

10,050

 

 

 

 

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three months ended August 31, 2021 and 2020:

 

(In thousands)

 

 

 

Balance at June 1, 2021

 

$

55,922

 

Bad debt provision

 

 

1,205

 

Uncollectible accounts written off, net of recoveries

 

 

(4,087

)

Translation adjustments

 

 

(859

)

Balance at August 31, 2021

 

$

52,181

 

 

 

 

 

(In thousands)

 

 

 

Balance at June 1, 2020

 

$

55,847

 

Bad debt provision

 

 

1,274

 

Uncollectible accounts written off, net of recoveries

 

 

(2,854

)

Translation adjustments

 

 

1,660

 

Balance at August 31, 2020

 

$

55,927